Message from the Chairman

Thantawan Industry Public Company Limited has been a leading manufacturer and distributor of internationally recognized packaging solutions for over 45 years. Guided by our vision of being “To be the leading innovative packaging solution provider worldwide”

The company strives to continuously create products and services that add value to both customers and society, based on ethics, good governance, and sound corporate management principles. We are also committed to driving sustainable development in line with ESG (Environmental, Social, and Governance) principles, incorporating the United Nations’ Sustainable Development Goals (SDGs) as a framework in our operations, with the aim to deliver the value of “Inspire sustainable living through trusted innovation for all”

In 2024, there were several challenges affecting the global economic and environmental landscape, all of which have constrained the growth of profit margins in the plastics industry:

• The Russia-Ukraine war and tensions in the Middle East significantly impacted energy prices and energy security in many countries, disrupting global supply chains, which in turn affected international trade and investment.
• The economic division between the United States and China has disrupted global supply chains, creating ripple effects in global trade and investment, compelling many companies to adjust their strategies and find new manufacturing partners or trade alliances.
• The volatility of global crude oil prices has had a significant impact on production costs and affected industries that rely on oil-based energy.
• Increasing policies aimed at reducing plastic usage, such as the European Union’s ban on single-use plastics, the EU's Carbon Border Adjustment Mechanism (CBAM), and various initiatives promoting environmentally friendly plastics to reduce carbon emissions, directly impacted the cost burden on operators.

Despite these challenges, Thantawan Industry Public Company Limited has continued to experience steady growth. The group’s overall revenue from sales in 2024 reached 4,276 million baht, an increase of 865 million baht, or 25.4%, compared to the previous year, when sales revenue was 3,411 million baht. Profit also grew by 14.0% compared to the prior year. This positive performance was driven by the company's proactive adaptation and sustainable business approach, which has been consistently reflected in our vision, strategic framework, and business plans. As a result, the company has been able to effectively respond to global changes and emerging risks. Recently, the company reaffirmed its leadership in the packaging industry by expanding its manufacturing base to the Socialist Republic of Vietnam, in response to the increasing number of customers. This expansion is an important step towards establishing stable growth and ensuring sustainability across all sectors.

In 2024, the company achieved the SET ESG Ratings of “A” in its industry group, marking the 6th consecutive year of being recognized as a sustainable stock by the Stock Exchange of Thailand. It was also listed on the ESG100 for the 7th consecutive year, acknowledging the company’s outstanding performance in environmental, social, and governance (ESG) practices within the industrial goods sector. Additionally, the company received the Sustainability Disclosure Recognition for the year 2024, and it pledged its commitment to advancing packaging management in line with the principles of a circular economy through the Extended Producer Responsibility (EPR) framework. This initiative aims to maximize resource utilization and promote the return of packaging for reuse in a tangible way.

Finally, on behalf of the Board of Directors, the Executive Committee, and all employees, we would like to extend our sincere gratitude to our shareholders, business partners, customers, and stakeholders from both the public and private sectors, for their continued trust and support of our operations. We would also like to thank the management and all employees for their dedication and hard work. We are confident that the company will continue to grow and move forward in line with our vision and mission.